American Bitcoin, a crypto mining company linked to the Trump family, ended its choppy first day on the Nasdaq up over 16%, adding millions to the US first family’s wealth. The company, backed by US President Donald Trump’s sons Eric and Donald Trump Jr., went public after merging with the existing Bitcoin (BTC) mining company…
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Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator. Several companies have tokenized stocks and derivatives that are backed by the shares they represent held in a special purpose company, European Securities and Markets…
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The Trump administration is reportedly looking at a postwar plan for Gaza that proposes using tokenized land and digital tokens to relocate and rehouse residents under a potential US takeover. The Washington Post reported on Sunday that a 38-page prospectus for a post-war Gaza, called the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust),…
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Crypto investment platform Unicoin hit back at the US Securities and Exchange Commission’s fraud lawsuit after three months, accusing the agency of distorting its regulatory statements to build a case. Unicoin told a New York federal judge on Wednesday that the SEC’s lawsuit should be dismissed as it “plucks snippets of communications and distorts their…
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The Trump administration is considering at least 11 candidates to potentially replace Jerome Powell when his term as Federal Reserve Chair expires in May — at least three of them have publicly shown a positive stance toward crypto. Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for…
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Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant…
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Animated comedy series South Park mocked US President Donald Trump in its latest episode aired on Wednesday, with one part satirizing his ties to crypto. The episode titled “Sickofancy,” depicted scenes showing parodied versions of tech executives wanting to curry favour with Trump by lining up to give him gifts and lap him with praise.…
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The US House has added a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) into a nearly 1,300-page bill setting the country’s defence policy for the 2026 fiscal year. A revision of HR 3838, the House’s version of a bill implementing the National Defense Authorization Act, was shared on Thursday…
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UK police are working to recover a victim’s funds after a scammer managed to steal 2.1 million British pounds ($2.8 million) worth of Bitcoin from them by impersonating a senior police officer. North Wales Police Cyber Crime team said on Tuesday it is investigating the Bitcoin (BTC) theft, saying the case “highlights a disturbing new…
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The derivatives arm of trading platform Robinhood has sued regulators in Nevada and New Jersey in a bid to head off potential enforcement action from the states over its sports event contracts. In a pair of complaints on Tuesday against Nevada and New Jersey gaming regulators and their attorneys general, Robinhood Derivatives said it started…
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